By Susan Ning, Han Wu, Yangdi Zhao, Yuanshan Li King & Wood Mallesons’ Commercial & Regulatory group
Frequent Cybersecurity Incidents
Recently, the cyber ransomwares are rampant in the global cyberspace. Data leakage and network breakdown resulted from the viruses cause severe financial losses to network operators, and present a significant challenge in global cyberspace safety. In May, WannaCry Ransomware attacked over 150 countries, including the UK and Ukraine, and users in China were also influenced. When the world is still in the shadow of WannyCry, a new ransomware, which is regarded as a variant of Petya virus, has already spread across the world. The new ransomware has attacked the UK, Ukraine, Russia, Denmark and other countries.